Airlines posted record profits last year
5 May 2016 11:14:25
money.cnn.com
U.S. airlines raked in a profit of $25.6 billion last year, a 241% increase from 2014, according to the Department of Transportation.
The drop in oil prices meant big savings for the industry: Airlines spent nearly $27 billion on fuel in 2015, 38% less than in 2014.
Lower oil prices have allowed airlines to expand and add new routes -- and the increased competition has put pressure on fares.
Read full story: money.cnn.com
